Quick Take
Vertex (VERX) has filed to raise $100 million in an IPO of its Class A stock, according to an S-1 registration statement.
The firm provides software to companies wishing to automate the computation of their indirect tax operations.
VERX has produced strong growth results but may be temporarily negatively impacted by the Covid-19 pandemic in Q2 and beyond.
I’ll provide a final opinion when we learn more about the IPO from management.
Company & Technology
King of Prussia, Pennsylvania-based Vertex was founded to create hybrid software solutions for sales tax, seller's